Find Pasadena, California finance departments, DFS, and DOF. Finance departments provide information on financial services, finance, taxation, and banking.
Pasadena Finance Department # 121, 100 N Garfield Ave Pasadena, CA
Pasadena Finance Departments are government agencies responsible for financial administration, including accounting, cash management, investment management, debt management, the preparation of financial statements, and the enforcement of financial controls in Pasadena, CA. In most cases, a Finance Director or Controller appointed by the chief executive heads the Pasadena Department of Finance. An elected or appointed Treasurer may also head the department. At the Los Angeles County or local government level, the Finance Dept may be the parent agency for divisions charged with Pasadena assessment, tax collection, and purchasing. At the California State level, the department may have regulatory responsibilities for banking or insurance.You may contact the Department of Finance for questions about:
Pasadena Finance Departments record all government financial transactions as part of their accounting responsibilities. These transactions include accounts payable, accounts receivable, payroll, and the processing of employee benefits. Pasadena Departments of Finance are also responsible for periodically reconciling bank statements to the general ledger in order to ensure the accuracy of financial records. Each year, Finance Departments prepare annual financial statements based on financial activity for the prior year. The Pasadena financial statements are audited by an outside agency to verify that they are a fair representation of the organization's financial situation.Financial Reporting & Controls
Finance Departments develop and implement internal controls to ensure transparency in financial management, and to prevent fraud and the misappropriation of funds. Pasadena Finance Departments enforce rules for approving and processing payments, handling cash, and other procedures. Part of the annual audit process involves reviewing the organization's compliance with internal controls.Pasadena Unclaimed Property
Pasadena Finance Departments provide information on unclaimed property. Unclaimed funds and property in Pasadena may be recoverable by their rightful owners in California. Finance Departments provide access to databases for discovering Pasadena unclaimed property and information about how to recover found cash and property.Government Bonds & Debt Offerings
Finance Departments manage the issuance of Pasadena bonds and other forms of debt that are used to pay for infrastructure improvements and other public projects. Finance Departments size the bond offering and prepare the Official Statement, which, along with the annual financial statement, provides rating agencies with a basis for assigning a credit rating to the bonds.Pasadena Government Investments
Finance Departments are responsible for the organization's cash management and investments. The Pasadena Department of Finance must balance the need for cash on hand to pay for current activities and obligations, with the need for maximizing investment returns. Most Finance Departments have adopted policies on cash management and investment.